Juhl Energy, Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue increased by approximately $293,000, or 9.4%, from approximately $3,129,000 for the quarter ended March 31, 2014, to approximately $3,422,000 for the quarter ended March 31, 2015. The increase in revenue is primarily attributable to growth in engineering consulting services to the utility industry and increased solar installation revenue, together with the effects of growth in sales stemming from acquisitions of two wind farms in 2014.

Operating loss decreased approximately $177,000, from an operating loss of $520,000 for the quarter ended March 31, 2014 to an operating loss of approximately $343,000 for the quarter ended March 31, 2015. The decrease in loss is primarily attributable to higher gross margins that are occurring from each of business units. Net loss decreased by approximately $766,000 from a net loss of approximately $1,311,000 for the quarter ended March 31, 2014 to a net loss of approximately $545,000 for the quarter ended March 31, 2015.

The decrease in net loss which is primarily attributable to the reasons described in the change in Operating Loss, together with a reduction in losses incurred by the now defunct tower services subsidiary. Adjusted EBITDA increased by nearly $200,000 from approximately $54,000 for the quarter ended March 31, 2014 to approximately $251,000 for the quarter ended March 31, 2015. Adjusted EBITDA is a non-GAAP financial measure and as used herein represents net income before interest expense, depreciation and amortization, and other charges including unrealized gain/loss on an interest rate swap arrangement, revenue levelization accounting on power purchase contracts, stock compensation expense, asset impairment charges, and discontinued operations.

Basic and diluted net loss per share of 0.02 per common share for the quarter ended March 31, 2014 compares to the $0.04 net loss per common share for quarter ended March 31, 2015.